Ahead of the weekend trading, oil prices fell slightly from the latest 9-month highs recorded on Thursday amid a steady increase in Covid-19 cases worldwide.
The US WTI declined 16 cents to remain trading strong at $ 48.20 a barrel, while Brent crude fell 23 cents to $ 51.27 a barrel.
Both benchmarks rose to their latest 9-month high on Thursday, driven by market confidence over advances in US Covid-19 stimulus package negotiations and the fall of the US dollar to a 2-and-a-half year low.
The weak US dollar makes crude oil prices cheaper in other currencies.
Analysts say market sentiment is still rising with support for deal prospects in the upcoming US stimulus and help increase demand.
The continuous implementation of vaccine distribution also helps protect the market from falling lower.
With continued gains following positive market sentiment, mintah oil trading is poised for a seven-week consecutive rise this week.
To date, the total number of coronavirus cases worldwide is approaching 75 million, while deaths have exceeded 1.66 million people, according to Johns Hopkins University.
